Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Faceless Assessment Center u/s 144-B - territorial jurisdiction - The Court opines that the petitioner's PAN registration within U.P. establishes territorial jurisdiction in favor of the Allahabad High Court. Despite filing the return from another state, the petitioner's jurisdictional assessing authority remains within U.P. The Court emphasizes that in faceless assessments, the geographical location of the assessing authority becomes less relevant. Therefore, the objection based on territorial jurisdiction is dismissed.
Faceless Assessment Center u/s 144-B - territorial jurisdiction - The Court opines that the petitioner's PAN registration within U.P. establishes territorial jurisdiction in favor of the Allahabad High Court. Despite filing the return from another state, the petitioner's jurisdictional assessing authority remains within U.P. The Court emphasizes that in faceless assessments, the geographical location of the assessing authority becomes less relevant. Therefore, the objection based on territorial jurisdiction is dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
